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12 Oct 2022
Japan’s Matsuno: To take appropriate steps on excess FX moves
Japanese Chied Cabinet Hirokazu Secretary is out with his jawboning, as USD/JPY surges past the 145.90 key level.
Key quotes
No comment on every day-to-day FX moves.
Closely watching FX moves with a high sense of urgency.
To take appropriate steps on excess FX moves.
Market reaction
USD/JPY is trading at the highest level in 24 years at 146.38, up 0.34% on the day, as investors remain alert for a Japanese FX market intervention any time soon.